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Stock impact report

Yulong Eco-Materials Limited Receives NASDAQ Notice of Delisting

YULONG ECO MATERIALS LTD (YECO) 
Company Research Source: PR Newswire
PINGDINGSHAN, China, April 5, 2017 /PRNewswire/ -- Yulong Eco-Materials Ltd. (NASDAQ: YECO) ("Yulong" or the "Company"), a vertically integrated manufacturer of eco-friendly building products located in Henan Province, today announced that on March 31, 2017, the Company received a determination letter (the "Letter") from the NASDAQ Stock Market LLC (the "NASDAQ") notifying the Company of the NASDAQ Staff's determination (the "Determination") to delist the Company's securities from The NASDAQ Capital Market due to its failure to regain compliance with Listing Rule 5250(c)(1) (the "Rule") because it had not filed its Annual Report on Form 10-K for the period ended June 30, and Quarterly Reports on Forms 10-Q for the periods ended September 30, and December 31, 2016, respectively (the "Delinquent Reports"). Pursuant to the Letter, unless the Company requests an appeal of the Determination by 4:00 Eastern Time on April 7, 2017, trading of the Company's common stock will be suspended at th Show less Read more
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